Prime Highlights-
- BMO appoints Tim Cox as U.S. Country Head and CEO of its U.S. subsidiaries, effective November 1, 2026.
- Darrel Hackett retires as U.S. CEO after more than 22 years and moves into an Executive Vice-Chair and Senior Advisor role.
Key Facts-
- Cox reports to CEO Darryl White and joins the bank’s Executive Committee.
- Cox joined BMO in 2010 and has served as U.S. General Counsel since 2022.
Background-
BMO has tapped Tim Cox to run its U.S. operations, naming him U.S. Country Head of BMO Financial Group and chief executive of BMO Financial Corp. and BMO Bank N.A. The appointment takes effect November 1, 2026.
Cox will report to Group CEO Darryl White, sit on the bank’s Executive Committee and lead the U.S. Management Committee. He steps up from his post as U.S. General Counsel, which he has held since 2022.
A BMO employee since 2010, Cox has spent his career in legal and regulatory compliance leadership, including a term as Global Chief Regulatory Officer.
White said Cox understands the business well and stays focused on clients, colleagues and communities, qualities he called central to the U.S. franchise’s continued success. He credited Cox with helping drive BMO’s growth over 15 years while strengthening its governance, risk management and regulatory base.
Outgoing U.S. chief executive Darrel Hackett plans to retire from that role after more than 22 years at the bank. He will stay on from November 1 as Executive Vice-Chair and Senior Advisor, so BMO keeps his experience close.
White said Hackett helped shape the bank’s North American growth strategy and build today’s U.S. business. He described Hackett as a tireless champion for clients, employees and communities whose leadership deepened relationships across BMO’s markets.
BMO ranks as the eighth largest bank in North America, with $1.5 trillion in assets as of July 31, 2026. It serves more than 13 million customers in Canada, the United States and select global markets.
